Upcoming Changes to the Copyright Act
The Copyright Bill (“Bill”), which repeals and re-enacts the Copyright Act (“Act”), was introduced in Parliament on 6 July 2021 and passed on 13 September 2021. It is expected to take effect in November 2021.
The UAE’s new corporate tax moves the country into the global champions league
Effective June 2023, the new tax scheme will see the country continue to be a major player on the international scene.
Digital Finance: Current Issues and Laws
Financial Metaverse Platform and Legal Considerations
Confusion and changes to the Brazilian State Goods and Services Tax (ICMS) in early 2022: how a ruling by the Supreme Court created a new and unconstitutional law in Brazil
As many readers may know, taxes are not straightforward anywhere in the world but this is particularly true in Brazil and even more so when one looks at Brazil´s indirect taxation on sales and goods, the “Imposto sobre Operações relativas à Circulação de Mercadorias e sobre Prestações de Serviços de Transporte Interestadual e Intermunicipal e …
Secured Overnight Financing Rate (“SOFR”) in Arrears or Term?
Background SOFR is a risk-free reference rate (“RFR”) selected as the rate for usage in certain United States Dollar (“USD”) derivatives and other financial contracts, by the Alternative Reference Rates Committee (“ARRC”) of the Federal Reserve Bank of New York (“NY Fed”) in the year 2017. It is the preferred alternative to USD LIBOR.
What Are the New Laws for Donations & Charity Funds in The UAE?
The United Arab Emirates has revamped its laws relating to charitable donations and funds constitution. The new law, namely, the Federal Law No. 3 of 2021 concerning the Regulations of Fundraising and Donations (the ‘new law’), aims to regulate all charity funds and imposes restrictions and stricter control measures. For instance, the new law imposes …
Continue reading “What Are the New Laws for Donations & Charity Funds in The UAE?”
What are the consequences of breaching a non-disclosure agreement between private entities in the UAE?
In simple terms, a non-disclosure agreement (commonly referred to as an ‘NDA’) constitutes a written agreement between two parties or entities, wherein one party prohibits the other from sharing any confidential information exchanged between them, or such prohibition can be mutually applicable to both the parties. In essence, thus, an NDA protects confidential information from …
Spreading False Information on Social Media and its Penalties
The United Arab Emirates has enacted the federal degree law number 34 of 2021 concerning the fight against rumors and cybercrime. The said law was issued on 20 September 2021 and is in effect from 2 January 2022. It seeks to prohibit the use of the Internet to publish, circulate or spread false news, rumors …
Continue reading “Spreading False Information on Social Media and its Penalties”
Construction Contract in the UAE: All You Need to Know
Of all the different types of intellectual property rights such as copyrights, trademarks, designs etc., no other intellectual property right signifies ‘innovations’ as ‘patents’ do. In fact, a patent signifies an exclusive right granted to an inventor by the government to the exclusion of all others (including the government) to profit by making, selling or …
Continue reading “Construction Contract in the UAE: All You Need to Know”
Bringing your pet to the UAE? Here are a few legal guidelines.
With the advent of the covid-19 epidemic, the world governments, including the United Arab Emirates, has taken a stricter approach to health and safety. Some of these measures include the introduction of new policies concerning the relocation of pets into the UAE. For instance, the UAE Ministry of Climate Change & Environment (MOCCAE) has added …
Continue reading “Bringing your pet to the UAE? Here are a few legal guidelines.”